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Heavy Volume in Advanced Micro Devices Options Is a Bullish Signal

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Heavy volume in out-of-the-money ( OTM ) put options in Advanced Micro Devices ( AMD ) is a bullish signal.

Given the company's strong free cash flow ( FCF ) and analysts' revenue upgrades, the underlying value of AMD stock is much higher.

AMD is up almost 3% today at $ 142.54 per share.